Problem
Investments-Buying and Selling Stocks
Lisa Marie recently sold 50 shares of stock for $42.50 per share. She paid a 3.5% sales commission. She initially purchased the stock for $38.50 a share and paid a 4.2% commission.
i. What was the initial cost of the stock?
ii. What was the total paid initially (including commission)?
iii. What was the total amount of the sale?
iv. What was the net sale (minus commission)?
v. What was the profit or loss from the sale?